AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) Shares Sold by Clear Harbor Asset Management LLC

Clear Harbor Asset Management LLC reduced its holdings in AdvisorShares Pure US Cannabis ETF (NYSEARCA:MSOS) by 42.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,500 shares of the company’s stock after selling 12,000 shares during the quarter. Clear Harbor Asset Management LLC’s holdings in AdvisorShares Pure US Cannabis ETF were worth $63,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Millennium Management LLC lifted its stake in shares of AdvisorShares Pure US Cannabis ETF by 5.2% in the 2nd quarter. Millennium Management LLC now owns 694,881 shares of the company’s stock worth $5,093,000 after acquiring an additional 34,147 shares during the period. Lighthouse Investment Partners LLC boosted its stake in AdvisorShares Pure US Cannabis ETF by 10.3% during the 2nd quarter. Lighthouse Investment Partners LLC now owns 587,067 shares of the company’s stock valued at $4,303,000 after purchasing an additional 55,000 shares in the last quarter. Murchinson Ltd. bought a new position in AdvisorShares Pure US Cannabis ETF during the 2nd quarter valued at $11,721,000. Truist Financial Corp increased its position in shares of AdvisorShares Pure US Cannabis ETF by 8.3% during the 2nd quarter. Truist Financial Corp now owns 37,728 shares of the company’s stock valued at $277,000 after purchasing an additional 2,906 shares during the period. Finally, Heritage Oak Wealth Advisors LLC acquired a new stake in shares of AdvisorShares Pure US Cannabis ETF in the second quarter valued at $1,937,000.

AdvisorShares Pure US Cannabis ETF Stock Down 4.0 %

NYSEARCA:MSOS opened at $3.39 on Thursday. The business’s 50-day moving average price is $3.99 and its 200 day moving average price is $5.91. AdvisorShares Pure US Cannabis ETF has a 52-week low of $3.39 and a 52-week high of $11.36. The firm has a market cap of $392.90 million, a P/E ratio of 12.20 and a beta of 0.77.

About AdvisorShares Pure US Cannabis ETF

The AdvisorShares Pure US Cannabis ETF (MSOS) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed narrow portfolio of US stocks or swap contracts related to the domestic cannabis and hemp industry. MSOS was launched on Sep 1, 2020 and is managed by AdvisorShares.